One Park Tower Condo - Mississauga

by Randy Selzer

One Park Tower Mississauga is perhaps the second most recognized Mississauga condo, after "Marilyn", to be completed in the Square One area, due to its distinctive "gothic" design. Built and completed by The Daniels Corporation in 2009. One Park Tower has a distinguishing feature that no other Mississauga condo has to date - gargoyles! Featuring a striking gothic style of architecture, complete with a vaulted two storey lobby that is reminiscent of a church or castle in Europe, the complex contains a single 38 storey tower which is surrounded by an elaborate podium, plus an adjacent group of condominium townhomes. Municipal address is the same for both the highrise tower and for the townhouses - 388 Prince of Wales Drive. One Park Tower Mississauga has been very popular for both sales and rentals since its completion, and is recognized by owners and investors as a top condo choice among the galaxy of available Square One condos.

One Park Tower condos are part of the Daniels' Corporation master-planned community at Mississauga City Centre (MCC), and as such, are conveniently close to all that MCC has to offer: Square One Shopping mall is less than a two minute walk away, with the entrance to the newly opened Target store closest. In addtion, Celebration Square, Mississauga City Hall, the central YMCA, the central library, Sheridan College, the Living Arts Centre, and the Mississauga Transit and GO bus terminal are all within easy walking distance.

Adding to the attractiveness of its central location are easy access to the 403 highway, and convenient shopping at the Rabba supermarket, located directly across the street at 385 Prince of Wales Drive.

One Park Tower Condos Mississauga - Amenities

As is expected of newer luxury condos completed in the Mississauga Square One area in the last decade, One Park Tower condo has a long list of impressive amenities. Bundled under the name of "Club 38", One Park Tower features a unique facility on the 38th floor of the building, for residents and their guests - with bar, kitchens, widescreen TVs, and billiard and fuSball tables, and internet lounge. There are outdoor terraces here as well, with million dollar views of downtown Mississauga, Toronto, and points further afield such as Niagara Falls. Elsewhere on the property, this Square One condo also features an indoor pool, whirlpool, sauna, exercise room, and a gym.

One Park Tower is located drectly adjacent to a major new city park, which itself is part of the extensive Zonta Meadows park complex nearby (with public tennis courts).

In keeping with the gothic theme of the complex, there is a beautifully landscaped courtyard, with a sculptural obelisk, plus seating areas, walking paths, water feature, and children's play area.

One Park Tower - Prices

Condos for sale and condos for rent at 388 Prince of Wales Drive

388 Prince of Wales for Sale:

At the time of this writing, MLS sales and rental activity at the One Park Tower condos has been on par with the activity of the overall Square One condo market. That is to say, robust sales and leasing. A quick check of the real estate board shows the following price ranges:

One bedrooms have sold in a range of $265,000 to $328,000

One plus one bedrooms have sold in a range of $291,000 to $327,000

Two bedroom units have sold in a range of $360,000 to $380,000

Two plus one bedrom units have sold in a range of $365,000 to $388,000

Three bedroom units have sold in a range of $495,000 to $505,000

The luxury townhouses surrounding the base of the highrise tower have seen a handful of sales ranging in price from $495,000 to $505,000.

388 Prince of Wales for Rent:

One Park Tower has an ideal location next to Square One, and it is one of the closest condos to the Mississauga bus terminal located there. These factors, plus the overall attractiveness of the tower, have helped rental activity to remain strong at this condominium:

One bedroom condos for rent have ranged from $1530.00/month - $1600.00/month

One plus one bedrooms have rented from $1600.00/month to $1750.00/month

Two bedrooms condos for rent have ranged from $2000.00/month to $2300.00/month

Two plus one bedrooms have rented between $1850.00/month to $2175.00/month

There have also been a handful of three bedroom units which rented for $2500.00 - $2700.00/month

Interested in finding the right Mississauga condo for you? Don't make a mistake and buy in the wrong building! If making the right choice is important, click the link below! You will get a free, quick, over the phone consultation, which will help you to get clear on what buildings are best for you, whether you are buying, selling, or renting.